MAGMA FINCORP Announces Quarterly Results (3QFY19); Net Profit Up 18.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MAGMA FINCORP Announces Quarterly Results (3QFY19); Net Profit Up 18.0%
Fri, 1 Feb

MAGMA FINCORP has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

MAGMA FINCORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Operating incomeRs m5,8066,2436,2470.1%7.6%
Other incomeRs m9915092-38.8%-6.8%
Total revenuesRs m5,9046,3936,339-0.8%7.4%
InterestRs m2,2072,7452,8694.5%30.0%
Gross Profit Rs m3,4813,3733,258-3.4%-6.4%
Other expensesRs m2,6552,4552,154-12.3%-18.9%
Profit before taxRs m9241,0681,19611.9%29.4%
TaxRs m27427342956.9%56.5%
Profit after taxRs m650795767-3.5%18.0%
Gross profit margin %60.054.052.1
Effective tax rate%29.625.635.8
Net profit margin%11.212.712.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 7.6% on a year-on-year (YoY) basis. The interest expended was up by 30.0% YoY during the same period.
  • The bank's operating profit declined by 6.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.1% in 3QFY19 as against 60.0% in 3QFY18.
  • Other income declined by 6.8% YoY during the quarter.
  • Net profit for the quarter increased by 18.0% YoY. Net profit margins during the quarter increased from 11.2% in 3QFY18 to 12.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.1% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.5% QoQ during the same period.
  • The bank's operating profit declined by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 52.1% in 3QFY19 as against 54.0% in 2QFY18.
  • Net profit for the quarter declined by 3.5% QoQ, while net profit margins declined from 12.7% in 2QFY18 to 12.3% in 3QFY19.

To see how MAGMA FINCORP has performed over the last eight quarters, please visit here.

MAGMA FINCORP Share Price Performance

Over the last one year, MAGMA FINCORP share price has moved up from Rs 164.0 to Rs 102.3, registering a Loss of Rs 61.7 or around 37.6%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 102.3, the price to earnings (P/E) ratio of MAGMA FINCORP stands at 6.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.3 times.

Equitymaster requests your view! Post a comment on "MAGMA FINCORP Announces Quarterly Results (3QFY19); Net Profit Up 18.0%". Click here!

  

Related Views on News

MAGMA FINCORP Announces Quarterly Results (2QFY19); Net Profit Up 63.0% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, MAGMA FINCORP has posted a net profit of Rs 795 m (up 63.0% YoY). Sales on the other hand came in at Rs 6 bn (up 17.4% YoY). Read on for a complete analysis of MAGMA FINCORP's quarterly results.

MAGMA FINCORP Announces Quarterly Results (1QFY19); Net Profit Up 33.2% (Quarterly Result Update)

Aug 22, 2018 | Updated on Aug 22, 2018

For the quarter ended June 2018, MAGMA FINCORP has posted a net profit of Rs 602 m (up 33.2% YoY). Sales on the other hand came in at Rs 6 bn (up 6.8% YoY). Read on for a complete analysis of MAGMA FINCORP's quarterly results.

More Views on News

Most Popular

Large Opportunities Are Coming Our Way

Aug 5, 2020

Kenneth Andrade tells us why stocks will bounce back strongly and what he's bullish on.

Is It Time to Book Profits in Gold and Silver?(Fast Profits Daily)

Aug 10, 2020

Gold and silver have delivered phenomenal returns this year. Is it time to take some money of the table?

Forget the Nifty and Sensex for the Next 1 or 2 Years and Focus on These Stocks(Profit Hunter)

Aug 6, 2020

Stocks from the essential small cap space are likely to be outperformers over the next 1 or 2 years.

3 Stocks to Ride the Big Rebound in Smallcaps(Profit Hunter)

Aug 11, 2020

The rebound ratio suggests that smallcaps are set for big gains but this time it will be limited to a few stocks. Make sure you choose wisely.

Governance: for the country and your portfolio.(The Honest Truth)

Aug 14, 2020

Ajit Dayal on the need of socially responsible governance.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MAGMA FINCORP SHARE PRICE


Aug 14, 2020 (Close)

TRACK MAGMA FINCORP

  • Track your investment in MAGMA FINCORP with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MAGMA FINCORP 5-YR ANALYSIS

COMPARE MAGMA FINCORP WITH

MARKET STATS